Proofpoint stock: buy or sell?

PFPT stock price: $127.50 0.78% At close on September 20th, 2019

Updated on:
September 20th, 2019

4

Shares of Proofpoint gained a slightly good 0.78% and closed at $127.50.

Proofpoint, Inc. operates as a security-as-a-service (SaaS) provider that enables large and mid-sized organizations to defend, protect, archive, and govern their sensitive data worldwide.

Should I buy Proofpoint stock?

Make a decision about when to buy or sell stocks is one of the hardest parts of being a trader or investor. Trading strategies are meant for helping you in the decision process of what stocks to choose and when is the best time to buy them. There are thousands of trading strategies for you to choose, but at Stocks2.com we prefer those that are simple but successful.

None of our preferred buy setups matches with Proofpoint stock situation right now, therefore this is not a suitable entry point.

Buy setupElegible
New all-time highNo
New 52 week highNo
Price crossing up 200d MANo
100d MA crossing up 200d MANo
This is not a selling recommendation at all, just it's not the best moment to buy if you follow any of these trading strategies.

Is Proofpoint stock a buy?

Everyday, hundreds of stock ratings are published by financial analysts to indicate a particular stock's attractiveness. At Stocks2.com, we gathered 15 ratings published for PFPT stock in the last 30 days.

The general sentiment of these ratings is bullish for PFPT stock, with 13 positive ratings.
Is PFPT a good stock to buy?
DateAnalyst / BrokerPrevious ratingCurrent rating
2019-9-13Robert W. Bairdn/aBuy
2019-7-9Northland Securitiesn/aBuy
2019-7-29JMP SecuritiesOutperformMarket Perform
2019-7-26Wedbushn/aOutperform
2019-7-26Stifel Nicolausn/aBuy
2019-7-26Piper Jaffray Companiesn/aOverweight
2019-7-26Piper Jaffray Companiesn/aOverweight
2019-7-26Northland Securitiesn/aBuy
2019-7-26Needham & Company LLCn/aBuy
2019-7-26Morgan Stanleyn/aOverweight
2019-7-26Monness Crespi & HardtBuyBuy
2019-7-26Monness Crespi & Hardtn/aBuy
2019-7-26Mizuhon/aNeutral
2019-7-19Wedbushn/aOutperform
2019-6-17Wedbushn/aOutperform

Proofpoint stock analysis

Daily outlook

Proofpoint gained a slightly good 0.78% and closed at $127.50.

Proofpoint shares gained 0.78% to $127.50 today. On July, PFPT hit a new all time high, pushing higher than on April tops. Check different trading setups that use ATHs as triggers. On Aug/29 PFPT price bounced up over the SMA of 200 days demonstrating to be a significant support for this stock. Since last August 19th when SMA50d and SMA100d crossed up, PFPT price gained $10.35 per share (8.83%).

PFPT stock chart (daily)

Weekly outlook

Shares of Proofpoint stepped up a slightly fine 1.39% this week. Early September PFPT boosted a dazzling 9.18% in just one week. With this, it's been 3 climbing weeks in a row, soaring a 12.09%. Early August PFPT plummed a spooky -5.42% in just one week.

Proofpoint stock just marked a top under its last top. Athought it's not something to really worring right now, investors in PFPT should be on alert as this could be a warning for future complications. It's important PFPT stock price keeps the level, and maybe bounce up from there forming a double bottom shape. Not so far away is the last all-time high Proofpoint marked late July. By mid April, SMA20w and SMA40w crossed up triggering a rise of 4.04%. Since late January when PFPT stock price broke up the SMA40w line, it gained $29.87 (30.60%).

PFPT stock chart (weekly)

Proofpoint stock price history

Proofpoint IPO was on April 20th, 2012 at $16.85 per share1. Since then, PFPT stock grew a 656.70%, with a yearly average of 93.80%. If you had invested $1,000 in Proofpoint stock in 2012, it would worth $6,567.00 today.

1: Adjusted price after possible price splits or reverse-splits.

Proofpoint stock historical price chart

PFPT stock reached all-time highs on July with a price of $132.85.

Proofpoint stock price target is $144.10

How much a stock will be priced tomorrow or next week is quite unpredictable However, many stock price predictions are published every day by banks, financial institutions and independent analysts. We do not recommend to follow these stock price predictions without a critical thinking from your side, as their accuracy is usually low. We have 14 price predictions for Proofpoint stock posted in the last 30 days:
PFPT stock price predictions
DateAnalyst / BrokerActionPrevious targetCurrent targetDiff
2019-9-13Robert W. BairdReiteratesn/a$145.00-
2019-7-29JMP SecuritiesRaises Target$130.00$140.007.7%
2019-7-26WedbushRaises Target$138.00$140.001.4%
2019-7-26Stifel NicolausRaises Target$135.00$140.003.7%
2019-7-26Piper Jaffray CompaniesReiterates$140.00$145.003.6%
2019-7-26Piper Jaffray CompaniesRaises Target$140.00$145.003.6%
2019-7-26Northland SecuritiesReiteratesn/a$160.00-
2019-7-26Needham & Company LLCRaises Targetn/a$150.00-
2019-7-26Morgan StanleyRaises Target$142.00$148.004.2%
2019-7-26Monness Crespi & HardtReiterates$137.00$150.009.5%
2019-7-26Monness Crespi & HardtRaises Target$137.00$150.009.5%
2019-7-26MizuhoRaises Target$120.00$128.006.7%
2019-7-19WedbushReiteratesn/a$138.00-
2019-6-17WedbushReiteratesn/a$138.00-
(in average)$135.40$144.106.0%
Moving in a range from $160.00 and $128.00, the price prediction for PFPT stock is $144.10. In average, analysts' outlook on PFPT price target is positive, improving the prediction by a 6.00% from previous estimations.

Financials and fundamental analysis

Earnings date and Earnings per Share

After publishing its last earnings report on April, Proofpoint . Unfortunately, reported EPS is not yet available in our database.
PFPT earnings date and EPS evolution
QuarterReporting dateEstimated EPSActual EPSSurprise
2017-Q2-n/a-0.59n/a
2017-Q32017-10-190.180.2538.9%
2017-Q42018-02-060.20.2945.0%
2018-Q12018-04-26-0.32-0.07n/a
2018-Q22018-07-26-0.36-0.39n/a
2018-Q32018-10-25-0.33-0.31n/a
2018-Q42019-01-31-0.35-0.2n/a
2019-Q12019-04-240.34n/an/a
2019-Q2-n/an/an/a
2019-Q3-n/an/an/a

Annual financial results

In 2018, Proofpoint annual turnover skyrocketed a super good 37.97% to $716.99 M USD from $519.68 marked in 2017. When comparing 2018 vs 2017, in contrary, profit margin (that is, the net income divided by revenues) depreciated a -1.04% to -14.47%.

To have an updated picture of the financial situation of Proofpoint, we have calculated the trailing twelve month (TTM) sales and income figures. TTM values are the sum of the last 4 quarters and aproximate to an annual fiscal report ending in 2019-Q1 that can be compared to 2018 fiscal year results. Annual Proofpoint TTM sales up to March 2019 were $757.47 and earnings were $-119.87 million USD. When comparing this TTM figures with the last reported annuality, we can review Proofpoint business evolution since December 2018: Annual revenues up to March, compared to lastest yearly report, escalated a fine 5.65%. Nonetheless, profit margin (net income/revenues) decreased at -14.47%.

PFPT annual Sales and Income evolution
YearSalesYoYIncome/(margin)YoY
2013$138 M-$-27.53 M-20.0%-
2014$196 M41.82%$-64.24 M-32.8%133.34%
2015$265 M35.68%$-106.45 M-40.1%65.72%
2016$375 M41.48%$-111.21 M-29.6%4.47%
2017$520 M38.40%$-69.80 M-13.4%-37.23%
2018$717 M37.97%$-103.75 M-14.5%48.63%
TTM $757 M5.65%$-119.87 M-15.8%15.54%

Quarterly financial results

Proofpoint posted $202.94 million in sales for 2019-Q1, a 2.25% up compared to previous quarter. Reported quarter earnings marked $-28.28 million with a profit margin of -13.93%. Profit margin decreased a -3.24% compared to previous quarter when profit margin was -10.70%. When comparing sales to same quarter last year, Proofpoint sales marked an outstanding gain and rocketed a 24.91%. Looking back to recent quarterly results, Proofpoint posted 7 negative quarters in a row.
PFPT quarterly Sales and Income evolution
QuarterSales1QoQ2Income1/(margin)QoQ2
2017-Q2$122 M-$-25.94 M-21.2%-
2017-Q3$134 M9.79%$-21.96 M-16.4%-15.34%
2017-Q4$143 M6.12%$-21.08 M-14.8%-4.00%
2018-Q1$162 M13.99%$-12.16 M-7.5%-42.34%
2018-Q2$172 M5.79%$-34.30 M-20.0%182.15%
2018-Q3$184 M7.16%$-36.06 M-19.6%5.14%
2018-Q4$198 M7.76%$-21.24 M-10.7%-41.11%
2019-Q1$203 M2.25%$-28.28 M-13.9%33.17%

Proofpoint ownership

When you are planning to invest in shares of a company, it's always worth to overview its ownership structure.

Proofpoint shares owned by insiders (that is, founders, CEO, CTO, main executives or other management staff) currently counts a 1.52% of all shares.

Bearish positions for PFPT stock account 0.00%, no big difference from last month.

The following table compares ownership indicators for other stocks related to Proofpoint:

PFPTCYRNFEYEHPQIBM
Market cap$7.1 B$95.4 M$3.0 B$27.8 B$126.7 B
Total shares55.7 M54.5 M214.8 M1,480.0 M885.9 M
Float shares55.2 M26.1 M205.9 M1,480.0 M884.5 M
  - Institutional holdings (%)95.9%71.5%75.8%83.9%57.5%
  - Insider holdings (%)1.5%3.7%2.5%0.2%0.1%
Shares in short selling0.0%0.0%0.0%0.0%0.0%

Proofpoint summary

Friday, September 20th, 2019
Open$126.47
Close$127.50
Day range$125.56 - $128.69
Previous close$126.51
Session gain0.78%
Average true range$4.12
50d mov avg$121.68
100d mov avg$119.08
200d mov avg$113.80
Daily pattern
Weekly pattern lt01a

Proofpoint performance

Performance as an absolute value is never valid if it's not benchmarked against competitors or related stocks in the industry. We selected CYREN, FireEye, HP, International Business Machines, Intel, Microsoft, Qualys, Symantec, Vmware and Zix as the bechmarking frame for Proofpoint stock.
Stock3m6m12m
PFPTProofpoint12.79%6.34%21.74%
CYRNCYREN11.46%-19.35%-43.55%
FEYEFireEye-4.11%-15.96%-16.71%
HPQHP-8.67%-1.42%-25.03%
IBMInternational Bus...3.92%4.96%-0.91%
INTCIntel7.59%-3.54%11.50%
MSFTMicrosoft2.14%19.97%23.96%
QLYSQualys-9.58%-4.44%-9.10%
SYMCSymantec15.45%5.64%16.29%
VMWVmware-12.52%-17.43%20.06%
ZIXIZix-18.02%18.17%43.35%

Proofpoint competitors

One check before investing in any stock is to review a list of its competitors, in this case for Proofpoint. We selected 10 companies as Proofpoint competitors as they are in the same industry or have similar market objectives.

Latest Proofpoint stock news